traderh

GBPJPY, 23.04.04, London Session

FX:GBPJPY   Livre sterling / Yen japonais
We now see a stall in the climb in the dailies as yesterday's price action provided a lower high and lower low. However, because the price closed high than Friday's close, we cannot rule out strong bearish sentiment just yet.

We expect price to go in a range for now. The play is to short near previous day's high and buy near previous day's low.

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